Overview
What is Dmf International Inc?
Dmf International Inc is a nonprofit organization based in Atlanta, Georgia, specifically at 3350 Riverwood Parkway Suite 670. Their primary objective is to enhance the wellbeing, education, and living standards of people in the Democratic Republic of the Congo. To achieve this, they rely on donations and grants. Recently, they established the Samuel Mutombo Institute of Science and Entrepreneurship, offering superior education to children from Pre-K to Grade 6 in Mbuji-Mayi and nearby communities. Still under construction are the middle and high school sections, which will accommodate an additional 576 students, bringing the total enrollment to 840 students. The organization currently employs a team of two individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
Dmf International Inc has received a One-Star rating from Charity Navigator, indicating concerns regarding its overall financial health and accountability. The rating is primarily derived from a single beacon score focused on Accountability & Finance, highlighting areas where the organization excels as well as significant weaknesses.
The organization scores well in governance aspects, with 100% of its board members being independent, alongside robust policies for conflict of interest, whistleblower protections, and document retention. However, the charity's financial management raises red flags, as evidenced by a low program expense ratio of 33.90%, suggesting that a significant portion of its resources may not be directed towards its mission-related activities.
Additionally, Dmf International Inc's liabilities to assets ratio stands at 0.00%, which, while indicating no debt, also reflects potential issues in utilizing resources effectively to further its programs. Overall, while the charity demonstrates strong governance and accountability measures, its financial efficiency and program spending remain areas of concern that require attention.
This AI summary has been generated from information found on Charity Navigator.
Is Dmf International Inc legitimate?
Dmf International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dmf International Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $64,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,262
For more financial information, click here
What is the mission statement of Dmf International Inc?
Dmf International Inc's mission is centered around enhancing the health, education, and overall quality of life for individuals in the Democratic Republic of the Congo. The organization achieves this by relying on donor contributions and grants. One of their significant initiatives is the Samuel Mutombo Institute of Science and Entrepreneurship, which provides a superior education to students from Pre-K to Grade 6, empowering them to reach their full potential. The middle and high school sections of the institute are currently under construction, with a projected total enrollment of 840 students once complete.
Who is the CEO of Dmf International Inc?
Bayard Hollingsworth is the Chair And President of Dmf International Inc.
What is the revenue of Dmf International Inc?
Dmf International Inc's revenue in 2022 was $76,140.
Who are the executives of Dmf International Inc and what are their salaries?
The average compensation at Dmf International Inc during 2022 was $67,855. There are 2 employees at Dmf International Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Dmf International Inc?
Dmf International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dmf International Inc
Dmf International Inc, a nonprofit organization, is dedicated to enhancing the health, education, and overall quality of life for the people residing in the Democratic Republic of the Congo. The foundation achieves its mission through the support of donor contributions and grants. One of its significant initiatives is the Samuel Mutombo Institute of Science and Entrepreneurship, a school that caters to students from Pre-K to Grade 6, providing them with access to a superior education. This institution empowers young minds, enabling them to unlock their full potential and contribute positively to their communities. Although the middle school and high school are still under construction, once completed, the total enrollment will accommodate 840 students. Dmf International Inc's mission continues to touch the lives of many in the Democratic Republic of the Congo, fostering a brighter future for its people.
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Impact
August, 2024
Dmf International Inc's impact can be seen through the establishment of the Samuel Mutombo Institute of Science and Entrepreneurship in the Democratic Republic of the Congo. This school provides students from Pre-K to Grade 6 in Mbuji-Mayi and surrounding communities with access to a superior education, aiming to empower them to reach their full potential in life. While the middle school and high school are still under construction, once complete, the total enrollment is expected to reach 840 students. Through initiatives like this, Dmf International Inc is making a tangible difference in improving the health, education, and quality of life for the people in the Democratic Republic of the Congo.
This information is meant to be a general summary of Dmf International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $37,682
- Gross Receipts: $76,140
Assets and Liabilities:
- Total Assets: $1,627,871
- Total Liabilities: $0
- Net Assets: $1,627,871
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Organization Details
Founding Year
1997
Phone
(770) 608-7314Principal Officer
Bayard Hollingsworth
Main Address
3350 Riverwood Parkway Suite 670, Atlanta, GA, 30339
NTEE Category
Code: Q300 - International
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